On the April 30 Bank Reconciliation, a Deposit Made by a Company

question 150

Multiple Choice

On the April 30 bank reconciliation, a deposit made by a company to its bank account on April 18 will appear as a(n)

• A) addition to the balance per books.
• B) deduction from the balance per books.
• C) deduction from the balance per bank.
• D) this will not affect the current period's bank reconciliation.

Analyze the effects of acquisitions made at different times during the fiscal year.

Understand the distinct accounting methods (e.g., acquisition method, equity method) for handling investments in subsidiaries.

Compute excess cost allocations including those to inventory, land, and equipment.

Identify and account for subsequent investments in an acquiree (step acquisitions).

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Definitions:

Acadians

A group of French-speaking people from the Maritime provinces of Canada, whose ancestors were deported by the British in the 18th century.

Standard Deviation

An approach to assess the magnitude of spread or variation within a group of data points.

Normally Distributed

Refers to a statistical distribution that is symmetrical, with most observations clustering around the central peak and the probabilities for values further away from the mean tapering off equally in both directions.

MBA Degree

Master of Business Administration, a postgraduate degree focusing on business administration and investment management.